What insurance do I need for my newsagents?
Newsagents insurance is designed to cover a range of risks that could lead to financial loss and impact your future ability to trade. There are a number of risks associated with running a newsagent shop, so comprehensive insurance is essential for business continuity. Without the right newsagents insurance in place, you may be personally responsible for any losses that occur, as well as any third party claims that could be submitted against you.
Your shop insurance should be geared up to cover eventualities that could negatively impact your business. As a retailer, you will have contents, fixtures and fittings, stock and potentially buildings that will need to be safeguarded against a number of perils. Your policy can incorporate these, and protect your livelihood against fire, flood, theft, storm damage and a number of other perils that could damage your property and impact your ability to trade. We can even arrange cover to protect your business equipment whilst you are out and about away from your retail premises.
Business interruption insurance for newsagents
If you were to suffer a flood at the premises, for example, that forced you to close for a while, then business interruption cover as part of your newsagent insurance can help tide you over while the damage is being repaired. This will typically cover loss of gross profit, staff wages and fixed business expenses, and potentially help you trade from another location while you get back on your feet.
Liability insurance for newsagents
Liability insurance must be a key consideration to protect you should anything happen to your staff, customers and suppliers while they are visiting your shop. Your newsagent insurance should cover this, meaning that if a member of the public injured themselves following an accident at your premises, any compensation awards, medical costs and legal costs can be taken care of under public liability cover.
You will also need employers' liability cover if you have full or part time staff. This safeguards your finances should your employees find themselves in a similar situation, and will typically be covered under your newsagent insurance up to a certain amount.
Newsagents insurance can offer a number of other covers which you should consider; for instance there is cover available for loss of money, either during business hours, outside of business hours or when in transit to the bank. You could also consider cover for goods in transit if you collect your own stock, as well as cover for shop front windows and signs. If you have an ATM machine, you can even select cover for the machine.
Comprehensive newsagents insurance
All these covers can be adapted to best meet your individual insurance requirements, giving you peace of mind to focus on running your business. Newsagents insurance is designed to cover the retail activities of newsagents, convenience stores, corner shops, post offices, mini markets and many other similar trades.
We understand the pressure of running your own business and how time consuming it can be. That’s why we are committed to finding the right insurance for your shop at the right price, and are here to support you for the duration of your newsagents’ insurance policy.